Throwing The Car In Reverse

That sure didn’t last, did it? After weeks of languishing, the volatility index finally blasted higher on October 10th, moving from a 16-handle to a 22-handle. A few days later, it was almost up to 30, which is a near doubling of the VIX in a matter of just days. Between Friday and Monday, however, just about all the air left the balloon, and we’re back into the teens again, just like before. I wonder to myself if we will ever see a market again in which volatility lasts longer than a day or two.